ONGC´s CMD Sudhir Vasudeva is a man in demand even ministers would like him to stay awhile in his chair. In a freewheeling interview with Shashidhar Nanjundaiah, Vasudeva looks back in satisfaction at the accomplishments of his top-ranked PSU, and tells us what to expect.
Tag: India
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Infra sector will regain momentum only in medium-to-long term
It seems controllable and uncontrollable factors have converged on the infrastructure sector, causing lenders and investors to step back in their plans. Ranjit Manjarekar, COO Infrastructure Finance, Tata Capital, tells Infrastructure Today that lack of visibility of returns, stemming from uncertainties, is a big dampener, but tells us how his firm is manoeuvring around the roadblocks to identify the right segments to go after.
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Lifting solutions from Konecranes
Konecranes introduces lifting solutions that provide high levels of flexibility, performance, and safety. They have been developed to meet the needs of the steel industry -from the raw material handling to the steelmaking, rolling and refining processes. Konecranes supplies all types of cranes, such as ladle, charging, billet, slab, coil, bar and plate handling, and scrap yard.
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HCC gets IRCON contract
Hindustan Construction Company (HCC) has been awarded a contract worth Rs 442.52 crore by IRCON International to construct one tunnel and two bridges between Aprinchala and Sumber stations on Dharam and Qazigund Section of the Udhampur-Srinagar-Baramulla New Broad Gauge Railway Line Project. The project will be completed in 48 months.
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The slip between the cup and the lip
India wastes one out of every six sacks of fruits and vegetables ever year due to a cold chain system that fulfils less than half the requirement. Investment of Rs 55,000 crore is needed to catch up, an industry report says.
Although report after report has pointed out how India wastes its produce whether it is foodgrains or cash crops the logistics and ware¡housing industry in India remains woefully inadequate and of poor quality. A new report on the world´s second largest producer of fruits
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Warehousing: The truck stops here
How do you organise a largely unorganised industry? India´s storage industry has lagged behind the transportation industry that it so heavily depends on. With cold chains now being an industry and FDI in retail entailing huge investments in storage, can we expect some movement?
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Exit policy faces hurdles
The Union Government, which had announced the exit policy for highway projects in last July, has now said that the policy does not require any reworking. With this, the exit policy to release the much-needed equity into the sector, has hit a fresh hurdle. As per the policy of the National Highway Authority of India (NHAI), concessionaires could be substituted after approval from lenders and a new special purpose vehicle (SPV) would be formed to take over the project.
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CCI nod sought
Approval of Cabinet Committee on Investment (CCI) is being sought by the Ministry of Coal to expedite development of allocated mining blocks where no cases or FIRs have been filed by the CBI. Since May 2012, the CBI has registered three preliminary enquiries regarding alleged irregularities in coal block allocation and has filed 14 FIRs. Forty seven coal blocks have been deallocated out of 218 coal blocks allocated to public and private firms, holding estimated geological reserves of about 50 bi
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Measures to develop ports
Allowing FDI up to 100 per cent under the automatic route for port development projects and income tax incentives are among the steps being taken by the government for capacity expansion of ports, the government has said. Other measures include standardising the bidding documents like RFQ, RFP and Concession Agreement, enhanced delegation of financial powers to Shipping Ministry to accord investment approval for PPP projects, streamlining of security clearance procedures etc.
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India, UAE sign pact to boost investments
A Bilateral Investment Promotion and Protection Agreement (BIPPA) between the Government of India and the Government of UAE was formally signed in Delhi recently. The agreement was signed by Namo Narain Meena, Minister of State (E and FS), on behalf of Government of India and Obaid Humaid Al Tayer, Minister of State for Financial Affairs of UAE on behalf of Government of UAE.